Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP)
| Assets | $49.88M |
| Expense Ratio | 1.09% |
| PE Ratio | n/a |
| Shares Out | 4.06M |
| Dividend (ttm) | $0.53 |
| Dividend Yield | 4.38% |
| Ex-Dividend Date | Sep 24, 2024 |
| Payout Ratio | n/a |
| 1-Year Return | +10.55% |
| Volume | 5,367,616 |
| Open | 12.37 |
| Previous Close | 12.28 |
| Day's Range | 11.91 - 12.46 |
| 52-Week Low | 7.87 |
| 52-Week High | 13.20 |
| Beta | -2.86 |
| Holdings | 8 |
| Inception Date | May 28, 2015 |
About DRIP
Fund Home PageThe Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) is an exchange-traded fund that mostly invests in energy equity. The fund provides 2x inverse daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US. DRIP was launched on May 28, 2015 and is issued by Direxion.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 24, 2024 | $0.12411 | Oct 1, 2024 |
| Jun 25, 2024 | $0.14267 | Jul 2, 2024 |
| Mar 19, 2024 | $0.17698 | Mar 26, 2024 |
| Dec 21, 2023 | $0.08906 | Dec 29, 2023 |
| Sep 19, 2023 | $0.09266 | Sep 26, 2023 |
| Jun 21, 2023 | $0.12248 | Jun 28, 2023 |
News
Top Performing Leveraged/Inverse ETFs: 11/03/2024
Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Stunning Trump Victory Could Provide 'Yuge' Showcase For Direxion's GUSH And DRIP ETFs
Former President Donald J. Trump recently addressed his supporters, declaring victory in the contentious 2024 election.
Opportunity Today Is In Energy, Especially Oil And Gas - Chris DeMuth Jr.
Chris DeMuth Jr. discusses his investment strategy for 2023 and the current state of the market. He expresses his preference for the energy sector, particularly oil and gas, due to mispriced equities ...
Oil And Gas Stocks Tank With Record Supply Fueling Sector Sell Off: This Inverse ETF (DRIP) Offers A 200% Return - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (ARCA:DRIP)
Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Shares DRIP was rising about 4.5% Tuesday after data released by the Bureau of Labor Statistics showed the Consumer Price Index (CPI) eased to an annual...
The Effect Of Technical Analysis On ETF Investing
I explain the methodology for choosing which ETFs to invest in, using a combination of technical and fundamental analysis to identify the best sectors and trends. I suggest that ETFs are not less than...
MDA Breakout Stocks/ETFs Week 13 - March 2023: High-Frequency Gainers To Give You An Edge
Two new Breakout Stocks for Week 13 with better than 10% short-term upside and a Dow 30 Pick. Average cumulative returns for 2023 are +47.4% YTD. The Momentum Gauges® continue negative in bear funds f...
MDA Breakout Stocks/ETFs Week 12 - March 2023: High-Frequency Gainers To Give You An Edge
Two new Breakout Stocks for Week 12 with better than 10% short-term upside with ETFs and a Dow 30 Pick. Average cumulative returns for 2023 are +37.3% YTD. The Momentum Gauges® continue negative in be...
Looking To Trade The Oil And Gas Sector To The Downside? This 2X Leveraged ETF Formed This Pattern
The Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Shares DRIP declined about 5% Friday after Russian Deputy Prime Minister Alexander Novak told state-owned news channel Rossiya-24 that Russia could ...
DRIP: A Narrow Window Of Opportunity
DRIP is an ETF for oil bears or those who want to profit from a fall in the stocks of companies that extract oil and natural gas. To trade such a leveraged tool, it is important to be knowledgeable ab...
DRIP: Risky Energy ETF May Provide Outsized Gains Soon
DRIP is a risky, double-short oil and gas ETF. Its long-term performance of DRIP has been awful, but there are times when it has provided outsized gains.
Week 27 MDA Breakout Stocks - July 2022: Short-Term Picks To Give You An Edge
Two new Breakout Stocks for Week 27 with better than 10% short-term upside potential and a Dow 30 Pick. Average cumulative returns now down to +85.6% YTD.
DRIP: A Very High Risk Double Oil Short
DRIP is a double-short oil ETF. But its Index does not match 2X returns of the nearby NYMEX futures contract nor SCO, another double-short ETF.
Direxion Announces Reverse Splits of Two ETFs: DRIP & SOXS
NEW YORK, Feb. 18, 2022 /PRNewswire/ -- Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (Tic...
DRIP - A Day Trading Tool With A 40% Monthly Return
DRIP is an ETF that seeks daily investment results of 200% of the inverse of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index.
Week 29 MDA Breakout Stocks - July 2021: Short-Term Stocks And Funds To Give You An Edge
Two new sample breakout stocks for Week 29 with better than 10% short-term upside potential. New ETF/ETN forecast section has been added. This past week the peak gains were in ATOS +26.6% and FUV +5.8...
Bearish Energy ETF Could Growl This Month
It's often risky betting against momentum and, for once, the energy sector appears to have some. Just look at the Energy Select Sector SPDR (NYSEARCA: XLE).
Energy And Power: Oil ETFs Provide Hints At The Global Energy Market's Troubles
The good news for oil investors is that the price of a barrel of oil has stabilized around the $35-$40 area, a far cry from the brief foray into negative territory in April. The bad news, well, every...
Oil prices edge up on stimulus support despite ample supplies
Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID levels in a we...